“We have in China a government that knows how to be efficient and supports new technology,” said Foxconn president Terry Gou in an interview with China’s 21st Century Business. “As to whether we’ll invest in…
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China’s state broadcaster rebrands in push to extend global reach
CCTV and the official Xinhua News Agency have expanded aggressively in recent years with dual missions of becoming globally credible media heavyweights while sustaining their roles as vital propaganda organs of the Communist Party. China…
China's money rates rise over the year as c.bank tightens liquidity
SHANGHAI, Dec 30 China’s primary money rates rose this week and were largely higher this year, driven by the central bank’s tight liquidity stance in the second half aimed at curbing bubbles and reducing leverage…
China says it will shut down ivory trade by end of 2017
JOHANNESBURG — China says it plans to shut down its ivory trade by the end of 2017 in a move designed to curb the mass slaughter of African elephants. The Chinese government will end the…
China Bans Its Ivory Trade, Moving Against Elephant Poaching
“China is moving from being the main problem to the main solution,” he said, calling Friday’s announcement “the most astonishing and wonderful piece of news.” Ms. Pepper of the Natural Resources Defense Council urged other…
China vows shutdown of ivory trade by end of 2017
Ivory is displayed before being crushed in China’s Guangdong province on Jan. 6, 2014, an event aimed at shedding China’s image as a global hub for the illegal trade in African elephant tusks. JOHANNESBURG —…
China Unicom (Hong Kong) Ltd (CHU) Receives $12.50 Average Target Price from Brokerages
China Unicom (Hong Kong) Ltd (NYSE:CHU) has received a consensus rating of “Hold” from the ten ratings firms that are currently covering the company. One equities research analyst has rated the stock with a sell…
China central bank says to keep policy neutral, liquidity stable
BEIJING China’s central bank said on Friday that it would keep its monetary policy neutral and “neither too tight nor too loose” to help maintain stable liquidity conditions. At a key economic meeting this month,…
Man with ties to Canadian bank serves tiny taste of life among China's nouveau riche
Wandering into the gated apartment complex 200 kilometres southeast of Beijing, I knew almost nothing about the man I was looking for. I knew his name, Xu Chang’an. I knew he had signed as a…
Another Chinese tech giant is launching an online bank
Best known for its smartphones, Xiaomi will own around 30% of the new bank. The Chinese regulator is encouraging the launch of new banks. In 2014, the China Banking Regulatory Commission (CBRC) started handing out…
Across China: More private banks in pipeline
BEIJING, Dec. 30 (Xinhua) — Historically, China’s banking sector has been dominated by a few colossal state entities, but the tone has changed and market-oriented private banks are springing up in response to needs that…
China’s central bank on levers to buoy the yuan
China enhanced its ability to stabilise its currency, as the rising US dollar threatens to undermine its economy, by accelerating the flow of capital out of the country. China’s central bank is adjusting the mix…
China economy improving, rate hike a possibility – People's Bank of China adviser
While inflation is showing signs of picking up in China along with economic activity, economists say there is no immediate pressure on the central bank to raise rates. BEIJING: Interest rates in China are already…
